Top Pasadena, CA Business Bankruptcy Lawyers Near You
355 South Grand Ave, Suite 2450, Los Angeles, CA 90071
2112 E. 4th St., #103, Santa Ana, CA 92805
1112 Montana Ave, Ste 207, Santa Monica, CA 90403
16130 Ventura Blvd, Suite 300, Encino, CA 91436
633 West Fifth Street, Suite 1600, Los Angeles, CA 90071
19800 MacArthur Blvd, Suite 300, Irvine, CA 92612
555 South Flower Street, 31st Floor, Los Angeles, CA 90071
355 S Grand Ave, Suite 2850, Los Angeles, CA 90071
2049 Century Park E, Suite 3500S, Los Angeles, CA 90067
1855 W Katella Ave, Suite 245, Orange, CA 92867
3848 E Colorado Blvd, Suite 21, Pasadena, CA 91107
12400 Wilshire Blvd, Suite 1120, Los Angeles, CA 90025
515 S. Figueroa Street, Suite 1235, Los Angeles, CA 90071
11500 West Olympic Boulevard, Suite 400, Los Angeles, CA 90064
1800 Century Park East, Suite 1500, Los Angeles, CA 90067
950 S Coast Dr, Suite 245, Costa Mesa, CA 92626
1000 Wilshire Boulevard, 19th Floor, Los Angeles, CA 90017
19700 Fairchild Rd, Suite 280, Irvine, CA 92612
21781 Ventura Blvd. , #619, Woodland Hills, CA 91364
10250 Constellation Blvd, Suite 900, Los Angeles, CA 90067
865 S. Figueroa St., Suite 3100, Los Angeles, CA 90017
16444 Paramount Blvd, Suite 205, Paramount, CA 90723-5454
11601 Wilshire Blvd, Suite 500, Los Angeles, CA 90025
9401 Wilshire Blvd, 12th Floor, Beverly Hills, CA 90212
10880 Wilshire Blvd, Suite 1101, Los Angeles, CA 90024-4112
Pasadena Business Bankruptcy Information
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What Is Bankruptcy?
Bankruptcy is a legal process that allows people to get out from under debts that are causing serious financial harm. Through the bankruptcy process, you may be able to get rid of debts like medical bills, credit card bills, and other unsecured debts. Factors such as your income and whether you have assets that you can sell to pay off some of the debts are taken into account when filing for bankruptcy and will determine what happens.
What Happens When I File for Bankruptcy?
When you file for bankruptcy, you will be under a federal bankruptcy court’s supervision and protection. During this time, you, your lawyer, the court, and your creditors will work on a plan for discharging your eligible debts. Collectors will also be unable to repossess property and garnish your wages or bank accounts during this time.
How Much Does It Cost To File for Bankruptcy?
There is no easy answer to this question. The ultimate cost will be a mix of court filing fees and what you owe your attorney for guiding you through the process. What you owe will depend on how complicated your case is and whether there are any prolonged disputes with creditors. Most likely, however, the debt relief that comes with bankruptcy will outweigh any fees.
How Long Does Bankruptcy Stay on Your Credit Report?
A Chapter 7 bankruptcy filing will stay on your credit report for up to 10 years, while a Chapter 13 will remain for up to seven years. A bankruptcy filing will also harm your credit score. However, if you need to file for bankruptcy, it’s likely your score is not that high anyway, and your bankruptcy will give you a chance at a fresh start and time to rebuild your credit score.